Suppressing wages suppresses demand, and suppressed demand suffocates investment.
SA needs to reject the dogma that wages are a burden
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The Economy
Investment in the public sector should be used as an anti-inflationary tool
The announcements in the Medium Term Budget Policy Statement (MTBPS) about a lower inflation target and cuts to public expenditure in real terms will exacerbate material insecurity and worsen developmental outcomes.
The EU’s ‘Investment Package’ isn’t Aid — It’s guaranteed profit for private capital
Reindustrialising South Africa demands strategic public investment, democratic control of finance, and a renewed commitment to productive transformation.
Goodyear closure demands a paradigm shift: Workers must take over factories
The closure of Goodyear in Kariega is more than just another company shutting its doors. It is a brutal reminder of the structural crisis facing South Africa’s working class.
Reject inflation targeting: create jobs
South Africa’s current inflation targeting regime, rooted in a liberalised financial framework, has failed to address the country’s core development challenges.
A tale of two public sectors
The apartheid legacy of privilege and inequality in South Africa remains a benchmark.
VAT or budget cuts? The false dilemma and the need for progressive revenue measures
The National Treasury has long held the false view that there is no alternative to austerity.
Militant workers on the move can defeat rightwing populism
The rise of rightwing populism is a morbid symptom on the right of the political spectrum.
Climate sanctions against fossil-addicted capitalists
South Africa gifts CO2 emitters $9400 billion in implicit annual subsidies, contrasted with the 2024 GDP of $403 billion.